Section 2(12) of CGST Act: Meaning of “Associated Enterprises”
As per Section 2(12) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “associated enterprises” has been defined, as under:
Section 2(12) of CGST Act: Definition of “Associated Enterprises” (CHAPTER I – PRELIMINARY)
“associated enterprises” shall have the same meaning as assigned to it in section 92A of the Income-tax Act, 1961.
The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.